Rocket Lab USA Inc (NASDAQ: RKLB) is 16.29% higher on its value in year-to-date trading and has touched a low of $3.47 and a high of $31.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RKLB stock was last observed hovering at around $31.27 in the last trading session, with the day’s loss setting it -1.65%.
Currently trading at $29.62, the stock is 11.42% and 24.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.78 million and changing -5.28% at the moment leaves the stock 181.27% off its SMA200. RKLB registered 509.47% gain for a year compared to 6-month gain of 454.68%. The firm has a 50-day simple moving average (SMA 50) of $23.3709 and a 200-day simple moving average (SMA200) of $10.40215.
The stock witnessed a 29.23% loss in the last 1 month and extending the period to 3 months gives it a 174.01%, and is 22.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.14% over the week and 9.09% over the month.
Rocket Lab USA Inc (RKLB) has around 1650 employees, a market worth around $14.81B and $363.82M in sales. Profit margin for the company is -51.76%. Distance from 52-week low is 753.60% and -6.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.44%).
with sales reaching $130.57M over the same period.The EPS is expected to shrink by -27.93% this year, but quarterly earnings will post 77.57% year-over-year. Quarterly sales are estimated to grow 117.65% in year-over-year returns.
398.0 institutions hold shares in Rocket Lab USA Inc (RKLB), with institutional investors hold 55.83% of the company’s shares. The shares outstanding are 499.70M, and float is at 373.67M with Short Float at 14.27%. Institutions hold 55.44% of the Float.
The top institutional shareholder in the company is VK SERVICES, LLC with over 52.03 million shares valued at $249.73 million. The investor’s holdings represent 10.6179 of the RKLB Shares outstanding. As of 2024-06-30, the second largest holder is DEER MANAGEMENT CO. LLC with 40.74 million shares valued at $195.55 million to account for 8.3141 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 31.24 million shares representing 6.3757 and valued at over $149.96 million, while BLACKROCK INC. holds 5.5476 of the shares totaling 27.18 million with a market value of $130.48 million.
Rocket Lab USA Inc (RKLB) Insider Activity
Rocket Lab USA Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Slusky Alexander R (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $24.28 per share for $1.21 million. Following the transaction, the insider now directly holds 0.58 million shares of the RKLB stock.
Still, SEC filings show that on Dec 03 ’24, Slusky Alexander R (Director) disposed off 50,000 shares at an average price of $23.00 for $1.15 million. The insider now directly holds 534,675 shares of Rocket Lab USA Inc (RKLB).
